Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 7.5% to 99.5 cents. Investors have been buying this lithium miner's shares after it announced a "fantastic outcome for shareholders." That outcome was a significant jump in its Finniss Lithium Operation's mineral resource estimate. It has lifted to 30.6 million tonnes at 1.31% lithium oxide, which is a 62% improvement.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is up 5.5% to $14.21. This morning, this pharmaceutical company announced that its North America partner Acadia Pharmaceuticals (NASDAQ: ACAD) has officially launched its Daybue product for the treatment of Rett syndrome. This has triggered a US$40 million milestone payment to Neuren.

Norwest Energy NL (ASX: NWE)

The Norwest Energy share price is up 4% to 6.35 cents. This morning, this energy company recommended that its shareholders accept the takeover offer from Mineral Resources Ltd (ASX: MIN). That offer is for one Mineral Resource share for every 1,300 Norwest shares they own.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 4% to $3.95. This appears to have been driven by the release of a broker note out of UBS this morning. According to the note, the broker has upgraded this lithium miner's shares to a buy rating with a $4.60 price target. Although the broker has reduced its near term lithium forecasts, it has boosted its long term assumptions. Following this action the broker sees value in its shares.

The post Why Core Lithium, Neuren, Norwest, and Pilbara Minerals shares are pushing higher appeared first on The Motley Fool Australia.

Shares in the S&P/ASX 200 Index (ASX: XJO) resources producer closed yesterday at $89.11 each. They are currently changing hands for $87.45 apiece.

This comes as Mineral Resources' takeover of Norwest Energy NL (ASX: NWE) looks to be entering the final lap.

What's happening with the Norwest takeover?

Mineral Resources first announced its plans for an off-market takeover bid of Norwest –  its minority joint venture partner in the Lockyer Deep gas project in the Perth Basin – on 16 December.

On the day of the announcement, the Mineral Resources share price retreated, pressured by broader market weakness.

Commenting on the takeover at the time, MinRes managing director Chris Ellison highlighted the massive potential of Lockyer Deep.

"The significant conventional gas discovery we made at Lockyer Deep last year, which we believe may be the largest onshore gas find in Australia, is driving us to develop and commercialise this high-quality energy source as quickly as possible," Ellison said.

In today's announcement (released after market close yesterday), the company reported that as at 2 March, it had voting power in Norwest of approximately 70%.

Adding some pressure on shareholders who've yet to accept the offer, Mineral Resources noted that if it acquires 80% of Norwest shares, shareholders "may be eligible for rollover tax relief".

Norwest shareholders who take up the deal will receive one MinRes share for every 1,300 Norwest shares held. At the current Mineral Resources share price, that represents a premium of just under 1% to the current Norwest share price (down 1.47% at the time of writing).

The company stressed the offer was final and would not be increased.

It added that if it's entitled to proceed to compulsory acquisition, Norwest shareholders not accepting the offer will receive the same consideration, but at a later date than if they'd accepted.

Mineral Resources said if it is not entitled to proceed to compulsory acquisition, it may apply to de-list Norwest from the ASX, "in which case it may become more difficult for Norwest shareholders to sell their Norwest shares".

Commenting on the final stages of the takeover, Ellison said:

I'm encouraged that so many Norwest shareholders have accepted our Offer and now have exposure to MinRes' world-class portfolio of diversified assets. Norwest shareholders will receive extraordinary value by accepting our offer and joining us in one of Australia's fastest growing companies.

In a separate release this morning that was marked as potentially having an impact on the Mineral Resources share price, the company provided a detailed report on its JP Morgan, Global High Yield Conference presentation.

Mineral Resources share price snapshot

Despite today's dip, the Mineral Resources share price remains a strong outperformer, up an impressive 85% since this time last year.

The post Mineral Resources share price slides as Norwest takeover bid heats up appeared first on The Motley Fool Australia.

Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:

Block Inc (ASX: SQ2)

The Block share price is up 3% to $114.37. This follows a solid session for the payments company's shares on the NYSE overnight. The company's US listed shares rose after investors piled back into tech stocks, driving the NASDAQ index 0.75% higher.

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is up 10% to $1.59. This is despite there being no news out of the lithium developer today. However, as we covered here earlier, the team at Bell Potter sees a lot of value in its shares at the current level. So much so, prior to today, it was predicting 100% upside for its shares over the next 12 months.

MMA Offshore Ltd (ASX: MRM)

The MMA share price is up 8% to $1.22. This morning, this marine and subsea services company revealed that it has been awarded three contracts supporting offshore windfarm developments in Taiwan during 2023. The three contracts will increase the company's contracted revenue by a total of approximately $30 million and provide for additional potential revenue of approximately $15 million.

Norwest Energy NL (ASX: NWE)

The Norwest Energy share price is up 8% to 6.9 cents. Investors have been buying the energy explorer's shares after Mineral Resources Ltd (ASX: MIN) made an improved and final takeover offer. It has offered one fully paid ordinary MinRes share for every 1,300 Norwest shares held. This equates to 7 cents per share based on the current Mineral Resources share price.

The post Why Block, Liontown, MMA, and Norwest Energy shares are charging higher today appeared first on The Motley Fool Australia.

The market is reacting poorly to today's news with the Mineral Resources share price currently 1.23% lower at $85.60.

Meanwhile, the Norwest share price has slumped 2.26% to trade at 6.5 cents.

Let's take a closer look at the latest from the S&P/ASX 200 Index (ASX: XJO)'s mammoth miner.

Mineral Resources share price plunges on takeover milestone

Major acquisition news appears to have failed to bolster market sentiment in Mineral Resources shares today.

The company revealed its voting power in Norwest surged to 53.86% on Thursday. That leaves it with control over the $425 million energy outfit.

The now-majority stakeholder offered one of its own shares for every 1,300 Norwest stocks held last month. The bid secured the approval of the takeover target's board after a lower offer was rejected in December.  

That implied an offer price of 7.41 cents per share at the time. It also represented a 65% premium on the takeover target's last undisturbed share price.  

Mineral Resources managing director and billionaire Chris Ellison has urged remaining Norwest shareholders to accept the offer, saying it's a "no brainer":

Those who don't accept will be left behind in a MinRes-controlled company with none of the upside of being a MinRes shareholder or exposure to our world-class portfolio of diversified assets.

Those who fail to promptly accept our revised offer will also miss out on receiving our interim dividend and risk having their own share price and liquidity diminish – but will still have to shoulder the burden of their share of significant Perth Basin exploration and development risk.

Mineral Resources' offer has been extended to 2 March on the milestone. It will be able to acquire all Norwest shares if its interest reaches 90%.

The ASX 200 mining giant is gearing up to release its earnings for the first half of financial year 2023 next Friday.

The post Mineral Resources share price slumps despite major Norwest takeover milestone appeared first on The Motley Fool Australia.

Additionally, the company's takeover target, Norwest Energy NL (ASX: NWE) announced it will accept the material giant's all-scrip bid after the market closed yesterday.  

The Mineral Resources share price is $93.225 at the time of writing. That's 3.17% lower than its previous close.

Mineral Resources share price falls despite lithium wins

Here are the key takeaways from the S&P/ASX 200 Index (ASX: XJO) company's December quarter compared to the prior quarter:

• Iron ore shipments fell 9% to 4.1 million wet metric tonnes (wmt)
• Average realised iron ore price rose 33% to US$97 per dry metric tonne (dmt)
• Spodumene concentrate shipments rose 18% to 97,000 dmt
• 7,418 tonnes of lithium hydroxide and lithium carbonate was converted last quarter
• 6,612 tonnes of which was sold – marking a 75% improvement
• Average realised lithium hydroxide and lithium carbonate revenue was US$65,996 a tonne, exclusive of China VAT

Production at the company's Mt Marion lithium project lifted 12% last quarter. The project also shipped 59,000 dmt of spodumene concentrate – up 5% quarter-on-quarter for an average realised price of US$4,151 per dmt.

Meanwhile, the Wodgina lithium project shipped 38,000 dmt of spodumene concentrate – up 45% – with 9,000 dmt sold at US$5,131 per tonne.

What else happened last quarter?

The December quarter was a busy one for Mineral Resources and its share price. The stock jumped 17.4% over the three-month period.

However, it's being weighed down today amid news of Mt Marion's expansion. The expansion – set to increase the project's production capacity to 900 kilotons annually – has been delayed by the slower-than-expected arrival of processing equipment and labour shortages. The upgrade is now tipped to kick off in April and reach full run-rate from July.

Meanwhile, the company extended the terms of the Mt Marion Tolling Agreement with Jiangxi Ganfeng Lithium to the end of 2023.

Finally, the ASX 200 giant posted a takeover bid for Norwest Energy in December, offering one share for every 1,367 shares in the smaller energy stock.

After initially rejecting the offer, Norwest announced it will accept a new bid after the market closed yesterday. The approved offer will see shareholders receiving one MinRes share for 1,300 Norwest stocks. That values Norwest shares at 7.41 cents apiece and the takeover target at $497 million.

What's next?

Despite posting lower iron ore production, the company says it is on track to meet its financial year 2023 production and shipments guidance of between 17.2 million wmt and 18.8 million wmt.

However, delays at Mt Marion have forced the company to drop its shipped guidance for the project to between 250,000 dmt and 280,000 dmt. Of that, 40% is expected to be high grade. Mt Marion's FOB cost guidance has also increased to between $540 a tonne and $590 a tonne.

Finally, Wodgina remains on track to achieve its shipped guidance of 190,000 dmt to 210,000 dmt.

Mineral Resources share price outperforms ASX 200

The Mineral Resources share price has gained a notable 24% so far this year. Meanwhile, the ASX 200 is up 8%.

The stock has also risen 63% over the last 12 months, beating the index's 8% gain in that time.

The post Mineral Resources share price tumbles as lithium business takes off appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to rebound on Wednesday following a solid night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 27 points or 0.4% higher this morning. In late trade on Wall Street, the Dow Jones is up 0.4%, the S&P 500 is up 0.55%, and the Nasdaq is 0.8% higher.

Oil prices rise

It could be a good day for energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) after a decent night for oil prices. According to Bloomberg, the WTI crude oil price is up 1.4% to US$75.68 a barrel and the Brent crude oil price has risen 1.25% to US$80.65 a barrel. Optimism over Chinese demand boosted prices.

Norwest rejects MinRes takeover

After the market close on Tuesday, Mineral Resources Ltd (ASX: MIN) was dealt a blow in its quest to acquire Norwest Energy NL (ASX: NWE). Norwest has released its target statement and advised that its directors unanimously recommend that shareholders reject the offer. Mineral Resources has offered one share for every 1,367 Norwest shares. This currently values the offer at 6.2 cents per share.

Iron ore price rises

It could be a positive session for mining giants BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) on Wednesday after the iron ore price charged higher. The steel-making ingredient is up 3.1% to US$121.95 a tonne amid hopes that China's reopening will lead to an increase in demand for the base metal.

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.1% to US$1,879.7 an ounce. Gold is trading near a new eight-month high.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

Four ASX shares that have not let that hold them back today are listed below. Here's why they are rising:

Aurizon Holdings Ltd (ASX: AZJ)

The Aurizon share price is up 4% to $3.87. This morning this rail freight operator announced the sale of the East Coast Rail (ECR) business. Aurizon expects to receive cash proceeds of approximately $425 million, which represents the equity value of ECR. The purchaser, Magnetic Rail Group, will also assume ECR's existing debt facilities. This divestment was required to gain approval for the acquisition of One Rail Australia.

Norwest Energy NL (ASX: NWE)

The Norwest Energy share price is up 33% to 6 cents. Investors have been buying this energy explorer's shares after Mineral Resources Ltd (ASX: MIN) announced plans to make a takeover offer. Mineral Resources intends to make an all-scrip offer that equates to 6 cents per share. The two parties own the Lockyer Deep joint venture.

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is up 2% to $115.85. This follows a rise in iron ore prices overnight. In addition, this morning, Goldman Sachs retained its buy rating on the mining giant's shares with an improved price target of $119.20. Goldman notes that Rio Tinto's shares have a "[c]ompelling valuation: trading at c. ~0.95x NAV."

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is up 2% to 35.2 cents. Investors have responded positively to news that the energy developer plans to test the Southwest Erregulla and Erregulla Deep prospective resource. Management believes this has high impact and low risk upside resource potential.

The post Why Aurizon, Norwest, Rio Tinto, and Strike Energy shares are rising today appeared first on The Motley Fool Australia.

At the time of writing, the energy explorer's shares are up 31% to a new high of 5.9 cents.

This compares very favourably to a disappointing 1.1% decline by the All Ordinaries index (ASX: XAO).

Why is the Norwest Energy share price rocketing higher today?

Investors have been scrambling to buy the company's shares this morning after it received a takeover offer from its joint venture partner at the Lockyer Deep gas project in the Perth Basin – Mineral Resources Ltd (ASX: MIN).

According to the release, Mineral Resources plans to table an offer of one fully paid ordinary share for every 1,367 Norwest Energy shares held on the register date.

Based on the Mineral Resources share price at Thursday's close, this implies an offer price of 6 cents per Norwest Energy share. This represents a sizeable premium of 33.3% to its last close price and Norwest Energy's equity at $403 million.

Mineral Resources' managing director, Chris Ellison, believes the transaction would create value for both sets of shareholders. He commented:

The scrip-based Offer for our JV partner Norwest will consolidate Lockyer Deep's project ownership and provide Norwest Shareholders with exposure to a bigger prize. It is also a natural progression that can create lasting value for both groups of shareholders under the MinRes ownership umbrella.

This Offer presents a compelling and unique opportunity for Norwest Shareholders to join the MinRes family and be part of the next chapter in our significant value creation.

Past successes

Mineral Resources also listed a number of similar transactions that have been very successful for the shareholders of acquired companies.

This includes Polaris Metals shareholders benefiting from a 1,837% total shareholder return and Mesa Minerals shareholders benefiting from a 1,529% total shareholder return since these transactions closed in 2010.

It also notes that the Norwest Energy share price could fall if a takeover doesn't happen. Particularly given how the company is exposed to funding and development uncertainties.

The Norwest Energy board has not yet made a recommendation to its shareholders regarding the proposed takeover.

The post Why is the Norwest Energy share price rocketing 31% on Friday? appeared first on The Motley Fool Australia.

In morning trade, the miner and mining services company's shares are down 3% to $79.29.

Mineral Resources share price lower despite acquisition plans

This morning, Mineral Resources revealed that it plans to make an off-market takeover bid to acquire the Norwest Energy NL (ASX: NWE) shares that it does not already own.

Norwest Energy is the company's minority joint venture partner in the Lockyer Deep gas project in the Perth Basin.

According to the release, Mineral Resources intends to offer one fully paid ordinary share for every 1,367 Norwest shares held on the register date.

Based on the Mineral Resources share price at yesterday's close, this implies an offer price of 6 cents per Norwest share. This is a premium of 33.3% to its last close price and values Norwest's equity at $403 million.

Unsurprisingly, the Norwest Energy share price is taking off this morning and is up 28% at the time of writing.

Why is it acquiring Norwest Energy?

Mineral Resources' managing director, Chris Ellison, sees huge potential from the Lockyer Deep gas project. He said:

MinRes has become one of Australia's most successful companies because of our ability to identify and act early on opportunities that benefit all of our shareholders.

The significant conventional gas discovery we made at Lockyer Deep last year, which we believe may be the largest onshore gas find in Australia, is driving us to develop and commercialise this high-quality energy source as quickly as possible.

Ellison believes the offer is attractive for Norwest Energy shareholders and expects the transaction to create significant value. He added:

The scrip-based Offer for our JV partner Norwest will consolidate Lockyer Deep's project ownership and provide Norwest Shareholders with exposure to a bigger prize. It is also a natural progression that can create lasting value for both groups of shareholders under the MinRes ownership umbrella.

This Offer presents a compelling and unique opportunity for Norwest Shareholders to join the MinRes family and be part of the next chapter in our significant value creation.

The post Mineral Resources share price lower despite Norwest Energy takeover offer appeared first on The Motley Fool Australia.

The Lockyer Deep-1 Gas Discovery is expected to contain more gas than pre-drilling activities found previously.

The resource is 80% owned by Mineral Resources' subsidiary Energy Resources Limited and 20% owned by Norwest Energy NL (ASX: NWE). It is located in the Perth Basin.

Right now, the Mineral Resources share price is $44.39, 2.7% lower than its previous close.

Let's take a closer look at today's news of the Lockyer Deep-1 Gas Discovery.

Positive update on Lockyer Deep-1

The Mineral Resources share price is in the red amid Norwest Energy's announcement of the companies' gas discovery.

The Lockyer Deep-1, a joint venture between the companies, has been found to be more prosperous than previously thought.

Norwest Energy released an update on wireline logging operations at the discovery this morning, stating the findings upgrade the discovery's prospects.

Lockyer Deep-1's Kingia target, found within Kingia sandstone, has been found to be of higher quality than previously predicted.

Norwest stated high reservoir pressures indicate the target has a gas column of between 600 metres and 800 metres.

This means the indicative areal extent of the discovery is around 66 square kilometres. The area's estimated gas resources are now believed to be greater than the company's pre-drill prospective resources.

The reservoir is now estimated to have a net gas pay of 20.2 metres, total vertical depth. It's expected to have an average porosity of 16% and average permeability of 500 millidarcys.

The companies' petrophysical analysis of the target found a 34-metre gross pay interval at the top of the Kingia sandstone. The gross pay interval has a total vertical depth of between 3,888 metres and 3,922 metres from sea level, with no gas-to-water contact found.

According to Norwest, the finding is remarkable and confirms the fault-seal integrity of the structure's main bounding faults despite a very significant gas column.

Mineral Resources share price snapshot

Despite today's dip, the Mineral Resources share price has been performing well lately.

It is currently 16% higher than it was at the start of 2021. It has also gained 77% since this time last year.

The post Mineral Resources (ASX:MIN) share price falls amid gas discovery update appeared first on The Motley Fool Australia.

Below we look at the ASX 200 mining services provider's latest gas project update.

What update did Mineral Resources announce?

Mineral Resource's share price is gaining after the company released a promising update on the drilling operations at its Lockyer Deep-1 conventional gas exploration well in Western Australia.

The well is situated on Exploration Permit EP368.  Energy Resources Limited, a wholly owned subsidiary of Mineral Resources, is the operator and 80% owner of the EP368 Joint Venture. Norwest Energy NL (ASX: NWE) controls the other 20%.

Microcap ASX energy share, Norwest, is up 75% today on the announcement.

According to the release, the drilling results have identified "a significant gas discovery at Lockyer Deep-1". The company said it encountered "excellent reservoir quality" at its Kingia Sandstone site along with significant gas elevations throughout the IRCM and Kingia Sandstone.

On Monday, drilling had reached a total depth of 4,274 metres. Mineral Resources said it's identified the potential for additional gas in the High Cliff Sandstone, along with the potential for conventional oil resource in the Dongara Sandstone.

Commenting on the operations, Mineral Resources managing director Chris Ellison said:

The success at Lockyer Deep-1 exploration well is a fantastic start to our significant gas exploration program, as we seek to provide natural gas to power our own operations in conjunction with renewable energy sources such as solar and wind.

Following positive wireline logging, a production test will be completed at Lockyer Deep-1 exploration well to fully evaluate gas flow rates, the results of which will inform our appraisal strategy to define the full extent of the gas field.

Mineral Resources share price snapshot

The Mineral Resources' share price is up 39% in 2021 compared to a year-to-date gain of 12% posted by the S&P/ASX 200 Index (ASX: XJO).

However, over the past month, the Mineral Resources share price is down 11.5%.

The post Why the Mineral Resources (ASX:MIN) share price is moving higher today appeared first on The Motley Fool Australia.

At the time of writing, Mineral Resources shares are exchanging hands at $59.99, a 1.66% dip into the red on the day.

Let's zoom in on the tailwinds driving the Australian mining company's share price lately.

New drilling advancements

On 6 July 2021, the company announced its wholly-owned subsidiary Energy Resources Limited had secured a drilling rig for the Lockyer Deep 1 well. The conventional gas exploration well is located onshore in the Perth Basin, along the coast of Western Australia.

The exploration permit for the Lockyer Deep 1 is a joint venture between Energy Resources and Norwest Energy NL (ASX: NWE). The interests are divided into an 80%-20% split between Energy Resources and Norwest, respectively.

Energy Resources can now start gas exploration drilling at the site of the well towards the end of July.

Speaking on the potential benefits of the well's success to the company, Mineral Resources managing director Chris Ellison said:

The drilling of Lockyer Deep 1 will be a significant milestone for MRL because it will signify the start of an extensive conventional gas exploration program in our onshore Perth Basin and Northern Carnarvon Basin acreage in line with our strategy to secure our own energy at the lowest cost and lowest emissions possible.

Investors seem to have liked this outcome, as Mineral's shares have climbed by 5% since the announcement.

Macquarie presentation day

Mineral Resources' presentation at the Macquarie Conference on 5 May seems to have been a key inflection point its share price.

In the presentation, the company detailed it is the world's largest crushing contractor. Additionally, it stated it is Australia's 5th largest iron ore producer and the world's 5th largest lithium miner.

Given the strengths in iron-ore markets observed this year, it stands to reason that Mineral Resources will receive a premium for its iron-ore sales.

Analysts at Macquarie Group Ltd (ASX: MQG) were quick to upgrade price targets following the conference. They have assigned an outperform rating with a price target of $73.

Investors have relished the bullish commentary, rewarding Mineral's shares with a 24% gain since the timing of the conference.

Mineral Resources share price snapshot

Mineral Resources continues to be a performing name on the ASX this year, gaining nearly 40% in 3 months.

The Mineral Resources share price has posted a return of 153% over the last 12 months. By contrast, the S&P / ASX 200 Index (ASX: XJO) has posted a return of 22% over the same period.

The company has a market capitalisation of $11.5 billion at the time of writing.

The post Why the Mineral Resources (ASX:MIN) share price is up 39% in 3 months appeared first on The Motley Fool Australia.

Below we take a look at the mining services provider's latest drilling exploration update.

What did Mineral Resources announce?

Mineral Resources' share price is moving higher after the company reported that Energy Resources Limited (its wholly owned subsidiary) had secured a drilling rig for the Lockyer Deep 1 well.

The conventional gas exploration well is located in the onshore Perth Basin in Western Australia.

The Lockyer Deep Prospect sits on exploration permit EP368. Energy Resources Limited is the operator of the EP368 in a joint venture in which it holds an 80% interest with Norwest Energy NL (ASX: NWE) holding the remaining 20% interest.

The Ensign 970 rig is expected to start drilling later this month.

Energy Resources Limited operates permits covering more than 7,300 square kilometres in the Perth Basin. Combined with its petroleum acreage in the onshore Northern Carnarvon Basin, Mineral Resource's subsidiary company has 13,629 square kilometres of petroleum acreage to its name.

Commenting on the progress of its subsidiary, Mineral Resources managing director Chris Ellison said:

The drilling of Lockyer Deep1 will be a significant milestone for MRL because it will signify the start of an extensive conventional gas exploration program in our onshore Perth Basin and Northern Carnarvon Basin acreage in line with our strategy to secure our own energy at the lowest cost and lowest emissions possible.

Ellison said that if the well is successful, it will help Mineral Resources' goal of achieving net zero emissions by enabling it to use the natural gas it pumps in place of diesel fuel.

"We are fully committed to achieving Net Zero Emissions by 2050," Ellison said, adding that the company believes "owning our own natural gas supply will complement the significant advances we are making in renewable energy, particular around solar and wind power".

With the ever-growing focus on ESG compliance, the Mineral Resource's share price could get some new tailwinds if the company makes marked progress on its net zero goals.

Mineral Resources share price snapshot

Mineral Resources shares have gained 161% over the past 12 months, far surpassing the 23% gains posted by the S&P/ASX 200 Index (ASX: XJO).

Year-to-date, the Mineral Resources share price continues to outperform, up 52% so far in 2021.

The post Why the Mineral Resources (ASX:MIN) share price is moving higher appeared first on The Motley Fool Australia.